PINESTONE (00804) announces a positive profit alert, expecting a mid-term net profit of approximately HKD 2 million to HKD 3 million, reversing its losses from the same period last year.

PINESTONE (00804) announced that based on the board's preliminary assessment of the interim performance for the six months ending June 30, 2026, the group expects to turn from a loss to a profit, achieving a net profit of between HKD 2 million and HKD 3 million, compared to a net loss of approximately HKD 3.7 million for the six months ending June 30, 2025. Despite a decline in interest income from lending services and a lack of bond placement activities resulting in reduced total revenue, the company expects to achieve a turnaround from a net loss to a net profit. This is primarily attributed to a significant reduction in compliance, professional, and agency fees, along with a substantial decrease in other operating expenses.